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New Deal


Announced

AES' US-based clean energy development business to merge with AES and AIMCo-backed sPower.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Pending

Private

Single Bidder

Domestic

United States

renewable energy

Merger

Majority

power producer

Alternative Electricity

Friendly

Private Equity

Synopsis

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AES' US-based clean energy development business agreed to merge with AES and AIMCo-backed sPower, an independent power producer that owns and operates a wind, solar, and storage portfolio. Financial terms were not disclosed. The merged renewables platform will bring together sPower's and AES' differentiated capabilities in solar, wind and energy storage to accelerate our customers' energy transitions.

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